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You are the owner of a restaurant, and currently you have only one waiter. While this keeps costs down, many of your customers go home because they are tired of waiting in line for waiting for their order. You hire four more waiters and waitresses, and you are now able to serve a dramatically higher number of customers. Seeing the huge productivity gains from hiring more staff, you then hire 20 more waiters and waitresses. However, you are not able to serve any more customers than you were able to when your staff size was only four. In fact, your restaurant has become overly crowded because there is not enough room in your restaurant for all your staff. You are confused as to why hiring four more staff members increased your productivity, but hiring 20 more did not. What happened? Explain your reasoning.
What differentiates the chosen business form others, and the markets the business serves
The government wants to increase income (Y) by $2000. Research indicates that theMPCis 0.75. How much will the government have to change its spending to achieve the desired change in income?
Tompkins-Beckwith refused to recognize the bank's claim and, instead, paid all remaining funds that had accrued to Air Metal to American Fire. The bank then sued to enforce its claim under Air Metal's assignment. Is the assignment effective? Why?
Why might unionized older workers engaged in bargaining a labor contract not restrain their wage demands even though the demand for their labor is very elastic?
management functions and impact1. how do you define management?2. which of the 4 functions of management is most
Business Ethics and Ethical Reasoning
1: At an interest rate of 8% per year, the winner would be better off accepting the (the lump sum, payments over time) since it has the greater present value. 2: At an interest rate of 10% per year, the winner would be better off accepting the (t..
From the e-Activity, determine the best method of setting the health care provider's communications budget. Explain your rationale.
a. Write down the equation for the marginal revenue b. How many copies of the book would maximize the company's profits? c. What would the profit-maximizing price be? d. How much profit would the company make?
Why is it difficult for labor negotiators to switch from traditional to integrative bargaining?
Discuss why the mission and vision are important in helping to shape organizational strategy and find two recent articles (no older than four months old) that provide examples of organizations that seem to be living up to (or failing at) fulfillin..
Write at least three paragraphs and tell us what the topic was, why it was interesting to you and how you think it applies or has been applied in either businesses you have dealt with or have been involved with either as a customer or an employee.
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